{"id":108590,"date":"2019-07-01T09:19:19","date_gmt":"2019-07-01T02:19:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-completes-acquisition-of-ascendas-singbridge\/"},"modified":"2019-07-01T10:12:19","modified_gmt":"2019-07-01T03:12:19","slug":"capitaland-completes-acquisition-of-ascendas-singbridge","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-completes-acquisition-of-ascendas-singbridge\/","title":{"rendered":"CapitaLand Completes Acquisition Of Ascendas-Singbridge"},"content":{"rendered":"


\nCapitaLand has completed its acquisition of all the shares in Ascendas Pte Ltd and Singbridge Pte. Ltd., resulting in the creation of one of the largest diversified real estate groups in Asia, with assets under management at over $123 billion.
\nThis comes after the acquisition received overwhelming approval from the independent shareholders of CapitaLand at an extraordinary general meeting that was held on 12 April.
\nWith this, the enlarged CapitaLand Group will start operating as a unified entity from 1 July.
\nIts enhanced real estate value chain and enlarged global network of business park, industrial and logistics; commercial, retail; residential; lodging; integrated development, urban development; as well as fund and asset management businesses spans more than 30 countries across over 200 cities.
\n\u201cThe completion marks the coming together of two leading real estate players as one unified entity,\u201d said Lee Chee Koon, group CEO of CapitaLand Group.
\n\u201cAs an enlarged Group, we possess fully integrated capabilities in four core markets \u2013 Singapore, China, India and Vietnam, while building greater scale in developed markets. With more asset classes in these markets, we will go further to achieve transformational growth.\u201d
\nIn May, CapitaLand announced key executive appointments as well as changes to business organisations structure that will come into effect on 1 July.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand Completes Acquisition Of Ascendas-Singbridge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CapitaLand has completed its acquisition of all the shares in Ascendas Pte Ltd and Singbridge...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108590","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sfs","jetpack-related-posts":[{"id":105187,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-cfo-ascendas-singbridge-is-complementary-to-us\/","url_meta":{"origin":108590,"position":0},"title":"CapitaLand CFO: Ascendas-Singbridge is 'complementary' to us","date":"March 20, 2019","format":false,"excerpt":"\r Andrew Lim of CapitaLand weighs in on the company's proposed acquisition of Ascendas-Singbridge. He says it will give CapitaLand the ability to deepen its presence in Singapore and China.\r \r Source : cnbc.com\r Read more...CapitaLand CFO: Ascendas-Singbridge is 'complementary' to us","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-unveils-key-executive-appointments\/","url_meta":{"origin":108590,"position":1},"title":"CapitaLand unveils key executive appointments","date":"May 28, 2019","format":false,"excerpt":"\r The management bench is comprised of accomplished leaders and skilled professionals. With the acquisition of Ascendas-Singbridge on track for completion by end June, CapitaLand announced several key executive appointments to drive its next phase of growth. CapitaLand also set up a Group Centre of Excellence (COE) which will focus\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-leads-singapore-reit-consolidation-with-4-4-billion-purchase-from-temasek\/","url_meta":{"origin":108590,"position":2},"title":"CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek","date":"January 15, 2019","format":false,"excerpt":"\r Singapore\u2019s CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek for about US$4.4 billion, a deal the developer said would create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107589,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-wants-entire-portfolio-to-be-green-certified-by-2030\/","url_meta":{"origin":108590,"position":3},"title":"CapitaLand wants entire portfolio to be green certified by 2030","date":"May 30, 2019","format":false,"excerpt":"\r It\u2019s part of the company\u2019s broader aim of having its carbon emission targets.\u00a0 With the Ascendas-Singbridge acquisition expected to be completed by June, CapitaLand aims to achieve 100 percent green certification for its expanded global portfolio by 2030. The group also seeks to have at least 20 percent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-net-profit-drops-7-4-in-q1-2019\/","url_meta":{"origin":108590,"position":4},"title":"CapitaLand Net Profit Drops 7.4% In Q1 2019","date":"May 6, 2019","format":false,"excerpt":"\r Revenue also declined 23.8 percent to $1.048 billion, mainly due to lower contributions from residential projects.\u00a0 CapitaLand saw its net profit drop 7.4 percent to $295.6 million in the first quarter of 2019, from $319.1 million over the same period last year. The decline was attributed to lower operating\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-multibillion-dollar-deal-is-creating-one-of-the-worlds-largest-real-estate-investment-managers\/","url_meta":{"origin":108590,"position":5},"title":"A multibillion-dollar deal is creating one of the world's largest real estate investment managers","date":"January 14, 2019","format":false,"excerpt":"\r Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.\r \r Source : cnbc.com\r Read more...A multibillion-dollar deal is creating one of the world's largest real estate investment managers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108590"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=108590"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108590\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}